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The Progress Fund wins Wachovia Wells Fargo NEXT Award

(From left to right: David Kahley, Co-founder, President & CEO; Karen Post, Co-founder, Treasurer & CFO; Amy Camp, Trail Town Program Manager; and Gary Delaney, Commercial Loan Officer)

Minneapolis, MN 2011 — The staff of The Progress Fund accepted the Wachovia Wells Fargo NEXT Award at a celebration on November 15 at Opportunity Finance Network’s (OFN’s) 27th Annual Conference in Minneapolis, MN.

The Wachovia Wells NEXT Awards for Opportunity Finance is the country’s largest and most coveted awards program for community development financial institutions (CDFIs). The Progress Fund will use its $2.75 million NEXT Award to expand its Trail Town Program®, strengthen local economies, and stimulate job growth in disadvantaged communities.

The NEXT Awards recognize pioneering work by CDFIs, which are market-based, private sector financial intermediaries that provide financing to low-income, low-wealth, and other disadvantaged communities.

Click here to read the full release from the Opportunity Finance Network.